Point72 Asia Singapore Pte. Ltd. Acquires 1,836 Shares of Darling Ingredients Inc. (NYSE:DAR)

Point72 Asia Singapore Pte. Ltd. increased its holdings in shares of Darling Ingredients Inc. (NYSE:DAR) by 8.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,010 shares of the company’s stock after purchasing an additional 1,836 shares during the period. Point72 Asia Singapore Pte. Ltd.’s holdings in Darling Ingredients were worth $855,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Erste Asset Management GmbH bought a new position in shares of Darling Ingredients during the 3rd quarter valued at about $30,545,000. Edgestream Partners L.P. bought a new stake in Darling Ingredients in the 3rd quarter valued at approximately $1,162,000. Point72 Europe London LLP bought a new stake in Darling Ingredients in the 3rd quarter valued at approximately $2,906,000. Caisse DE Depot ET Placement DU Quebec bought a new stake in Darling Ingredients in the 3rd quarter valued at approximately $1,839,000. Finally, Captrust Financial Advisors lifted its stake in Darling Ingredients by 8.9% in the 3rd quarter. Captrust Financial Advisors now owns 20,399 shares of the company’s stock valued at $758,000 after acquiring an additional 1,665 shares in the last quarter. Institutional investors own 94.44% of the company’s stock.

Darling Ingredients Stock Up 0.0 %

NYSE:DAR opened at $40.53 on Monday. The company has a quick ratio of 0.83, a current ratio of 1.41 and a debt-to-equity ratio of 0.89. The firm has a market capitalization of $6.45 billion, a price-to-earnings ratio of 25.02 and a beta of 1.23. Darling Ingredients Inc. has a twelve month low of $32.67 and a twelve month high of $51.36. The stock’s 50 day moving average price is $38.89 and its two-hundred day moving average price is $38.35.

Darling Ingredients (NYSE:DAR) last posted its earnings results on Thursday, October 24th. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.29). The business had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.48 billion. Darling Ingredients had a return on equity of 5.98% and a net margin of 4.42%. The firm’s revenue was down 12.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.77 earnings per share. Equities research analysts expect that Darling Ingredients Inc. will post 1.88 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have commented on DAR. Jefferies Financial Group boosted their target price on Darling Ingredients from $44.00 to $46.00 and gave the company a “buy” rating in a research note on Friday, October 25th. JPMorgan Chase & Co. boosted their target price on Darling Ingredients from $58.00 to $59.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. TD Cowen lowered their price target on Darling Ingredients from $45.00 to $43.00 and set a “hold” rating on the stock in a research report on Friday, September 13th. Finally, Piper Sandler lowered their price target on Darling Ingredients from $50.00 to $48.00 and set an “overweight” rating on the stock in a research report on Friday, October 11th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $53.44.

Darling Ingredients Company Profile

Darling Ingredients Inc develops, produces, and sells natural ingredients from edible and inedible bio-nutrients in North America, Europe, China, South America, and internationally. The company operates through three segments: Feed Ingredients, Food Ingredients, and Fuel Ingredients. It offers ingredients and customized specialty solutions for customers in the pharmaceutical, food, pet food, feed, industrial, fuel, bioenergy, and fertilizer industries.